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Leverage for tokenized
securities

Launch leveraged yield products to improve RWA asset distribution without sacrificing compliance and control.

Native

No RWA wrappers, direct inheritance of issuer-side rules

Capital-efficient

Direct subscription and redemption, seamless leverage

Governable

Segregated accounts allow per-position control

Lending infrastructure ready for tokenized securities expansion

Native compliance

Native compliance, no wrappers

All the asset-specific issuer's requirements are programmatically inherited no matter what happens on Gearbox protocol side. The RWA token is held natively in the Credit Account, and every transfer routes through the issuer's own compliance checks.

Native liquidity

Native liquidity, not DEX-routed

Gearbox taps the issuer's own subscription and redemption contracts - face-value swaps, no fees, no price impact. Users get the most efficient execution, and issuers don't spend capital seeding secondary liquidity.

Granular controls

Granular controls for real-world scenarios

Real-world triggers such as court orders, key loss, and inheritance flow through the issuer's policy and resolve as a specific action on a specific account: freeze, transfer ownership, or seize. Legal enforcement is executed without disrupting the whole market.

Generic credit rails miss the operating model behind the asset

Gearbox
Existing Lending
Controls
Native support for issuer-side controls
RWAs sit inside a Credit Account as the native token. Transfer restrictions, registry checks, mint and redeem logic all travel with the asset. No wrappers, no second compliance surface.
Existing onchain lending doesn't support issuer-side controls
Asset wrappers or representations are used to comply with restrictions, increasing friction and complexity.
Liquidity
Native subscription and redemption
Direct subscription and redemption flows are preserved, and leverage becomes the capital-efficient alternative to waiting on queues or seeding secondary pools.
Lack of secondary liquidity blocks protocol operations and user flows
Subscription and redemption queues become a bottleneck, forcing asset issuers to fund and maintain DEX liquidity to keep products usable.
Intervention
Per-position controls, not market-wide
Approve, freeze, reassign, or enforce transfer. Actions apply to a specific Credit Account. A single compliance event stays a single-position event. The rest of the market keeps running.
Market-wide controls are too blunt
If the only lever is pausing the whole market, a single compliance event becomes a market event. Issuers need to intervene at the position, not at the book.

Is Gearbox the right fit for your asset?

Native compliance

Your asset has native transfer restrictions, registry checks or mint / redeem logic that must stay attached to the token itself.

Position-level control

You need per-position intervention rights, including the ability to freeze, reassign, or enforce transfer, without pausing the entire market.

Native subscription path

Subscriptions and redemptions primarily rely on native mechanisms. Secondary liquidity isn’t established.

Bring Credit to Your Tokenized Asset

We work with issuers through a short onboarding: asset methodology review and adapter design, then launch. Typically 4-6 weeks from kickoff to first account.

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